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HI HB932

Bill

Official Source

Status

Introduced

1/25/2023

Primary Sponsor

Rachele Fernandez Lamosao

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Amends Section 235-17 of the Hawaii Revised Statutes to modify the annual cap on motion picture, digital media, and film production income tax credits
  • Removes the current $50,000,000 annual limit on total tax credits allowed, replacing it with an unspecified amount (left blank in the bill text)
  • Maintains provisions allowing excess credits applied for in any year to carry forward to the subsequent year, with a final deadline of December 31, 2032
  • Takes effect on June 30, 3000

Legislative Description

Relating To The Motion Picture, Digital Media, And Film Production Income Tax Credit.

Taxation

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).

2/15/2023

Committee Referrals

Finance2/15/2023
Economic Development1/30/2023

Full Bill Text

No bill text available